A ferry carrying 459 people, mostly high school students on an overnight trip to a tourist island, sank off South Korea's southern coast on Wednesday, leaving nearly 300 people missing despite a frantic, hours-long rescue by dozens of ships and helicopters.

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A media group says an award funded with a $1 million gift from a private foundation will be given each year to a female photojournalist in honor of the AP's Anja Niedringhaus, who died this month in an attack in Afghanistan.